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20130117
20130117
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, jr. >>> now a look at the agenda for the security and exchange commission. fcc commissioner dan gallagher spoke at the u.s. chamber of commerce for an hour. [inaudible conversations] [inaudible conversations] good afternoon. thank you for joining us. i'm david the president and ceo market here at the u.s. chamber of commerce. the team i'm fortunate to work with and lead here was formed over six years ago before the financial crisis. at the time on a bipartisan basis, a grouch folks that we had commissioned together told us that the financial regulatory structure that served the country well for 75 years was no longer working. it was out of date, that there were too many gaffes, too many layers and somebody should get around doing financial regulatory reform before the next crisis. shotly thereafter the crisis happened. and the need for financial regulatory reform became even clearer to the american people. i wish i could tell you the dodd-frank, the major financial regulatory had achieved everything we hoped when we formed the center. certainly it did some of the things that nee
it a terrorist attack as well. for more, let's go to dan rivers in london. what are the latest reports there on the hostage situation? >> effectively, according to the minister of information in algeria, this is a standoff. the algerian security forces surrounded this gas plant in the far east of algeria. the islamists are holed up inside, holding a number of western hostages. we don't know the exact numbers. there's been a press conference this morning from the norwegian stat oil company. it is saying that it had 17 employees there, 5 escaped. and therefore 12 remain unaccounted for. not clear if all are being held hostage or if some escaped into the desert. it's a confused situation. the state department confirmed there are americans among those being held. we understand as well possibly british, japanese, french as well as those norwegians. a number of countries being embroiled in this hostage crisis which looks like it may have been precipitated by algeria's decision to allow french planes to fly of the country as part of its ongoing military campaign in mali to the south. >> i kno
dan gallagher shares his ideas for reforming the dodd-frank financial regulation law. also talks about the commission's 2013 agenda. mr. gallagher was asked of the securities and exchange commission commissioner, appointed by president obama and took office in 2011. this was hosted by the u.s. chamber of commerce but it is just under an hour. >> good afternoon. thank you for joining us. i'm david hirschmann, president and ceo of capital markets compared is here at the u.s. chamber of commerce. our work was one over six years ago before the financial crisis because at the time on a bipartisan basis a group of folks that we had commissioned together told us that the financial regulatory structure served his country well for 75 years was no longer working. that it was out of date, that they were too many gaps, too many layers, and that somebody should get around doing financial regulatory reform before the next crisis. and shortly thereafter, a crisis did, in fact, happen. and the need for financial regulatory reform became even clear to the american people. i wish i could tell you that d
it an act of terror. we've got a lot to cover. let's get right to it with team press. peter ogborn and dan henning to start off the team. >> hey hey. >> bill: cyprian bowlding has the cameras going. phil backert is standing by to take your phone calls. you know, i'm really tired this morning because i had to stay up late last night. i couldn't go to bed without catching "american idol," you know, my favorite show. >> what's "american idol"? >> bill: can you believe it? still on. season number 12. >> pretty impressive. >> so we've had 11 "american idols" now. i know i couldn't name all of them. >> bill: are you kidding? >> i could maybe name half. >> i could name half. i just haven't watched in recent years. i know last year was phillip phillips. that's an easy name to remember. >> pretty good song called "home". kelly clarkson. >> bill: the first one. you've got lee dewise, you've got david cook, carrie underwood is huge then other big names like chris daughtry didn't win. he was third place and he's doing better than half of the winners. >> bill: he was good. who was the kid that everybod
. it's a very serious matter when americans are taken hostage along with others. >> dan rueters is live in london. what do we know about the group taking responsibility? >> reporter: well, that had are sort of a splinter group, an affiliate of al qaeda in the islamic magnificent rred. led by mokhtar belmokhtar. he fought in the '80s against the soviets. he has been involved in people trafficking, drugs, and he has done a lot of kidnapping as well. most motivated by ransom and money. this may end up getting resolved. a notorious character, and described by french intelligence as mr. untouchable. known locally for being involved in cigarette smuggling. this is part of a wider, regional conflict, links to mali, that these islam iist groups in algeria are getting in on. furious that algeria has allowed french planes to fliory algerian air space to attack insurients, islamists in northern mali. >> what about plans or missions to get hostages out? >> well, we know from the ministry of information in algeria, that they are surrounded. the terrorists, and that a large number of security forces
the remain extremely clear. as to the size, prohibitions, my colleague at the board of governors, dan cirillo has talked a little bit about that. i'll leave that up to him in terms of his responsibility to a limited dodd-frank. he's a thinker and quite frank about the difficulty of doing so. i'm a little reluctant given my philosophical than to artificially engineered size. i believe marcus will solve these problems if remake very clear what the rules are, but just to be honest, i have a hard time saying x is the size because i don't want to inhibit success, but i do want to prevent fleecing the american taxpayer risk. tessera government intermediate. they decide how much money i'd take and how much he spent in making a speech and argue about that constantly. but to leave open to the american taxpayer unlimited liability for bad decisions taken in the pursuit of an income statement driven mentality seems to be unjust and un-american and that's a statement that i'm making we proposed a very simple solution where the market and imposed discipline. you see people should this has already and you
Search Results 0 to 5 of about 6